It's Harder for Third Parties to Profit on Amazon, Avenue7Media CEO Says

The video discusses the evolution of selling on Amazon, highlighting the challenges and opportunities for third-party sellers. It emphasizes the importance of a customer-centric approach and the necessity for small businesses to be on Amazon to capture market share. The video also addresses the difficulties sellers face due to Amazon's competitive practices and suggests solutions like data sharing to level the playing field.

What was the initial reaction of the speaker when Amazon invited them to sell basketball hoops?

• They were excited and immediately agreed.

• They refused the offer outright.

• They were skeptical because Amazon was known for selling books.

• They were already selling on Amazon.

How has Amazon's customer-centric approach impacted third-party sellers?

• It has improved their ability to serve customers.

• It has decreased their sales and revenue.

• It has had no impact on their business.

• It has made selling products more difficult.

Why is it crucial for businesses to be on Amazon according to the speaker?

• Amazon guarantees higher profits for all sellers.

• Amazon offers the best shipping rates.

• Amazon has the largest online market share in the US.

• Amazon provides free advertising for all sellers.

What is the risk of not protecting your brand on Amazon?

• Having to pay higher fees to Amazon.

• Losing market share to competitors and counterfeiters.

• Receiving negative customer reviews.

• Being banned from the platform.

What is one of the main challenges faced by third-party sellers on Amazon today?

• High competition from Amazon's own products.

• Lack of customer interest in their products.

• Excessive profits leading to tax issues.

• Inability to list products on the platform.

What solution does the speaker propose to help third-party sellers compete better on Amazon?

• Offering free shipping for all products.

• Sharing detailed product data with sellers.

• Providing more advertising credits.

• Lowering the seller fees.

What is the speaker's view on Amazon's competition with third-party sellers?

• Amazon is not competing with third-party sellers.

• Amazon's competition is beneficial for sellers.

• Amazon is competing too hard against third-party sellers.

• Amazon's competition has no impact on sellers.